Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China (FOB) - 2023
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China (FOB) - 2023

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,104 per ton in December 2023, shrinking by -5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 41% against the previous month. As a result, the export price attained the peak level of $1,414 per ton. From April 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,264 per ton), while the average price for exports to Hong Kong SAR ($783 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $699 per ton, growing by 39% against the previous year. Overall, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of 64%. Over the period under review, average import prices hit record highs at $1,422 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.6% per year.

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China

In 2022, shipments abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -17.5% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 2.1K tons, and then dropped dramatically in the following year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 dropped rapidly to $2.2M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $2.8M, and then fell notably in the following year.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from China in 2022:

1. Taiwan (Chinese) (1176.1 tons)
2. Hong Kong SAR (289.7 tons)
3. South Korea (147.4 tons)
4. Macao SAR (98.5 tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in China

Imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into China shrank sharply to 2.2K tons in 2022, waning by -63.1% against 2021 figures. Overall, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 fell rapidly to $1.6M in 2022. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 153%.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to China in 2022:

1. United States (2186.9 tons)
2. Canada (18.4 tons)

Source: IndexBox Market Intelligence Platform